Inventory Management

Techniques that Will Save You

Money

WHY INVENTORY MANAGEMENT IS

IMPORTANT

Holding inventory ties up a lot of cash. That's

why good inventory management is crucial

for growing a company

INVENTORY MANAGEMENT

SAVES YOU MONEY

AVOID SPOILAGE

AVOID DEAD STOCK

SAVE ON STORAGE COSTS

INVENTORY MANAGEMENT

IMPROVES CASH FLOW

Money spent on inventory is money that is not spent on growth. Manage it

wisely

4 INVENTORY

MANAGEMENT TECHNIQUES

SET PAR LEVELS

Par levels are the minimum amount of product that must be on hand at all times

FIRST-IN FIRST-OUT

Means that your oldest stock (first-in) gets sold first (first-

out), not your newest stock

MANAGE RELATIONSHIPS

Important to have a good relationship with

your suppliers

CONTINGENCY PLANNING

It’s not a matter of if problems arise, but when. Figure out where your risks are

and prepare a contingency plan

REGULAR AUDITING

Regular reconciliation is vital

BEST INVENTORY MANGEMEMENT SOFTWARE

Emergeapp.net/features/inventory-management-software